India, June 18 -- Silver futures declined for the second straight day on Wednesday, falling by Rs 1,705 to Rs 2.48 lakh per kg, tracking weak global trends as investors await the outcome of the US Federal Reserve's policy meeting.

On the Multi Commodity Exchange, the white metal for July delivery depreciated by Rs 1,705, or nearly 1 per cent, to Rs 2,48,400 per kilogram in a business turnover of 11,162 lots. Analysts said investors are largely stayed on the sidelines amid uncertainty over the Federal Reserve's policy outlook, limiting fresh buying in the white metal. In the international markets, Comex silver futures slipped below the key $70 per ounce mark and were trading marginally lower at $69.87 per ounce in New York. Silver prices ...